SBI GK Questions 2026

The National Securities Depository Limited was set up in 1996, the year the Depositories Act was passed, and was the first depository in India; it holds securities in electronic form so that shares need not change hands as paper certificates, a process called dematerialisation.

It defines what a security is, provides for the recognition of stock exchanges by the Government, and lays down the framework within which contracts in securities may be made; it is the oldest of the statutes governing this market and still the basic one.

SEBI has its head office in Mumbai, at the Bandra Kurla Complex, which places the regulator in the same city as the Bombay Stock Exchange, the National Stock Exchange and the Reserve Bank of India, making Mumbai the financial capital of the country.

An IPO is the first sale of shares by a company to the general public, after which the shares are listed and traded on a stock exchange; it belongs to the primary market, because the money raised goes to the company itself.

A person aggrieved by an order of SEBI may appeal to the Tribunal, which is provided for by the SEBI Act itself, and from the Tribunal a further appeal lies to the Supreme Court on a question of law.

The money market deals in short-term funds of up to one year, through treasury bills, commercial paper, certificates of deposit and call money, and the Reserve Bank regulates it as part of its control over credit and liquidity.

The Sensex was compiled backwards to 1978-79 and that year was given a base value of 100, so the index number states how many times the market value of its thirty constituents has grown since then.

The Sensex, or Sensitive Index, of the Bombay Stock Exchange is built from thirty large, well established and actively traded companies drawn from the main sectors of the economy, and it is weighted by free-float market capitalisation.

It was founded in 1875 as the Native Share and Stock Brokers’ Association, grew out of brokers meeting under a banyan tree in Bombay, and is the oldest stock exchange in Asia; it now stands on Dalal Street and its benchmark index is the Sensex.

SEBI first appeared in April 1988 as an administrative arrangement with no legal powers, and it became a statutory regulator when the Securities and Exchange Board of India Act was passed in 1992; the words quoted in the question are taken from the preamble of that Act, which speaks of…

The Reserve Bank of India, which began work on 1 April 1935 on the recommendation of the Hilton Young Commission, was also the central bank of Burma, then part of British India, and it stayed in that role until April 1947, a few months before India became independent.

The repo rate is the rate at which the Reserve Bank lends short-term money to banks against government securities. When inflation keeps rising, the Reserve Bank raises this rate, so banks borrow less and charge more on their own loans, spending and demand cool down and prices rise more slowly.

Statement I is right, because a government security, or G-Sec, is a tradeable debt instrument issued by the central government or by a state government and can be bought and sold in the secondary market before it matures.

SEBI is the regulator of the securities market, and protecting the interests of investors is the first duty written into its founding law.

Microfinance means small loans to poor households that banks treat as too risky, so a large loan is the opposite of the idea.

YONO, short for You Only Need One, is the State Bank of India's digital banking app, launched in November 2017.

India allows foreign direct investment of up to 100 per cent through the automatic route in railway infrastructure.

The Section 138 timeline runs in three steps. The payee must give the drawer a written notice demanding payment within thirty days of receiving information from the bank that the cheque has been returned unpaid.

Section 22 of the Act provides that the maturity of a promissory note or bill of exchange payable after a stated period is the day on which the period ends, and that three days of grace are added in computing that date.

Section 130 provides that a person taking a cheque crossed 'not negotiable' shall not have, and shall not be capable of giving, a better title than the person from whom they took it had.